In the wake of the tussle between the Birlas and Rajendra S Lodha over the will of Late Priyamvada Birla, chartered accountants firm Lodha & Company said it was not seeking re-appointment as auditors of Indo Gulf Fertilisers Ltd.
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year.
Delhi-based Nilesh Sharma, among the first IPs, said while the framework is in the initial stage and might have teething trouble, the opportunity is immense in the long run.
With Lok Sabha elections due in April-May, government will hold a session of Parliament in the first fortnight of February to pass the vote-on-account.
TRPs are part of a pilot programme that the income tax department launched this year to help self-employed individuals and small businessmen, salaried people, senior citizens and Hindu undivided families file returns.
Be very careful while opting for the rate of interest for personal loans.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Ms Usha may soon discover that winning four gold medals at the Asian Games and qualifying for the Los Angeles Olympics is a walk in the park compared with the challenges of stabilising governance at the IOA, observes Kanika Datta.
India, the fourth largest economy in the world, is integrating very fast with the global economy, Indian High Commissioner to the United Kingdom Ronen Sen has said.
'The finance minister has told the BJP's core voters we are hearing you and we are sensitive to your aspirations.'
The current process for selecting auditors could compromise their "independence".
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
The probe into the bribery scandal of Xerox ModiCorp, begun last August, is still hanging fire with the chartered accountant appointed for the purpose expected to seek yet another extension beyond March to submit a report
Franklin Templeton Asset Management (India) on Monday said the Securities Appellate Tribunal (SAT) has stayed Sebi's order, whereby the regulator had barred the asset management firm from launching any new debt scheme for two years. In addition, the regulator had asked Franklin Templeton to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to its six debt schemes which are now shut. "With reference to the order issued by Whole Time Member(WTM) of Sebi on June 7, 2021, Franklin Templeton Asset Management (India) Pvt Ltd filed an appeal and an application for stay before the Hon'ble SAT. "After hearing the parties, the Hon'ble SAT has stayed the operation of the order passed by the WTM," a Franklin Templeton spokesperson said in a statement. The matter has been listed on August 30, 2021 for further directions, he added.
The astounded Birlas have now come together to fight the 'outsider' and to keep him from 'taking away the family's property.'
Cadila Health, to merge with German Remedies
German Remedies to merge with Cadila Healthcare
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
With the Supreme Court not getting into the valuation part and leaving it to the two parties, lawyers said there was nothing much for Mistry Group to negotiate.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. This money is almost half of Vivo's turnover of Rs 1,25,185 crore, it said without stating the time period of the transaction. The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
Game streaming is becoming a serious professional choice for youth, as it allows them to make good money.
The court had on Wednesday extended the judicial custody of Bhujbal and his nephew Sameer Bhujbal till May 25.
The Enforcement Directorate had last week arrested Chhagan Bhujbal's associate and chartered accountant Sunil Naik in connection with the case.
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